SOURCE: Franklin Mining, Inc.

June 11, 2007 08:30 ET

Buenos Aires Office Established for Franklin Oil & Gas, Argentina S.A.

TECNA Group Delivers Proposal to Prepare Feasibility Study for First GTL Plant in Argentina's Tierra del Fuego Province

LAS VEGAS, NV--(Marketwire - June 11, 2007) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) has confirmed that offices have been opened in Buenos Aires, Argentina for the subsidiary company, Franklin Oil & Gas, Argentina S.A. During a visit to Argentina in May 2007, Franklin Mining CEO, Jaime Melgarejo, Jr, began the process of reviewing construction sites for the first gas-to-liquid plant in the Province of Tierra del Fuego.

Mr. Melgarejo also confirms that Franklin has received a proposal from TECNA Group for preparation of the GTL plant's feasibility study and that he and other Franklin executives have met with representatives of TECNA to review and discuss their proposal.

TECNA is a global engineering and construction company maintaining offices in six South American countries, Spain and Texas. TECNA's offices in the cities of Santa Cruz, Bolivia, Buenos Aires, Argentina and Houston, Texas provide ease of access and frequent direct communication between Franklin and TECNA executives.

With thirty-three years international oil and gas experience and a workforce including more than 600 professionals, TECNA has the experience and resources required to assume responsibility for every stage of an energy project from the feasibility study to the conceptual design, construction and on through start-up, operation and maintenance.

About Franklin Mining, Inc: Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia; Franklin Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A. Additional company information is available at www.franklinmining.com.

DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.

For further information, please visit our website (www.franklinmining.com) or contact our Investor Relations firm, A. Austin & Company, 1-702-386-5379.

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